Now Is A Good Time To Buy i-80 Gold Corp (AMEX: IAUX)

During the recent session, i-80 Gold Corp (AMEX:IAUX)’s traded shares were 4.63 million, with the beta value of the company hitting 1.09. At the last check today, the stock’s price was $0.70, reflecting an intraday gain of 4.51% or $0.03. The 52-week high for the IAUX share is $1.88, that puts it down -168.57 from that peak though still a striking 51.43% gain since the share price plummeted to a 52-week low of $0.34. The company’s market capitalization is $397.65M, and the average intraday trading volume over the past 10 days was 29.52 million shares, and the average trade volume was 8.61 million shares over the past three months.

i-80 Gold Corp (AMEX:IAUX) trade information

i-80 Gold Corp (IAUX) registered a 4.51% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.51% in intraday trading to $0.70, hitting a weekly high. The stock’s 5-day price performance is 99.31%, and it has moved by -36.56% in 30 days. Based on these gigs, the overall price performance for the year is -51.20%. The short interest in i-80 Gold Corp (AMEX:IAUX) is 30.15 million shares and it means that shorts have 7.04 day(s) to cover.

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i-80 Gold Corp (IAUX) estimates and forecasts

Statistics show that i-80 Gold Corp has outperformed its competitors in share price, compared to the industry in which it operates. i-80 Gold Corp (IAUX) shares have gone down -36.56% during the last six months, with a year-to-date growth rate more than the industry average at 50.00% against 19.90. In the rating firms’ projections, revenue will decrease -18.05% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 37.7M as predicted by 1 analyst(s).

IAUX Dividends

i-80 Gold Corp is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

i-80 Gold Corp (AMEX:IAUX)’s Major holders

i-80 Gold Corp insiders own 2.69% of total outstanding shares while institutional holders control 53.48%, with the float percentage being 54.96%. ORION RESOURCE PARTNERS LP is the largest shareholder of the company, while 181.0 institutions own stock in it. As of 2024-06-30, the company held over 25.92 million shares (or 8.4886% of all shares), a total value of $27.99 million in shares.

The next largest institutional holding, with 18.97 million shares, is of MMCAP INTERNATIONAL INC. SPC’s that is approximately 6.214% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $19.84 million.

Also, the Mutual Funds coming in first place with the largest holdings of i-80 Gold Corp (IAUX) shares are Sprott Gold Equity Fund and VanEck ETF Trust-VanEck Junior Gold Miners ETF. Data provided on Sep 30, 2024 indicates that Sprott Gold Equity Fund owns about 16.34 shares. This amounts to just over 4.18 percent of the company’s overall shares, with a $11.38 million market value. The same data shows that the other fund manager holds slightly less at 14.13, or about 3.61% of the stock, which is worth about $9.84 million.